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Millet Innovation H1 profit climbs 7.5% YOY

Millet Innovation SA said its first-half normalized net income was €1.4 million, an increase of 7.5% from €1.3 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue rose 8.8% on an annual basis to €14.6 million from €13.4 million, and total operating expenses grew 9.3% year over year to €12.3 million from €11.3 million.

Reported net income totaled €1.6 million, compared with €1.5 million, or 79 cents per share, in the prior-year period.